Carbon Market Exchange reached an agreement with the Cashewnut Board of Tanzania for exclusive rights to more than 1 million hectares (over 2.6 million acres) for an agroforestry carbon offset project. The project ensures the planting of an additional 15 million avocado trees, 15 million coffee trees and 25 million cashew trees, a monumental achievement. By protecting this land, Tanzania will increase the country’s biodiversity, resilience and soil health. Agroforestry projects are critically important in sequestering carbon and play an important role in the future of carbon markets.
The Maya Forest Corridor of central Belize connects two of the largest areas of unbroken protected habitat in Mesoamerica and is home to all of Belize’s wild cats. The area is also habitat for the critically endangered Baird’s tapir, Central American river turtle, and the white-lipped peccaries that have disappeared in more than 60 percent of their range, and other wildlife species and forest biodiversity. Carbon Market Exchange is providing carbon financing for project development located in a landscape of private lands experiencing four times the national deforestation rate due to the rapid expansion of large-scale, unsustainable monocrops.
The South American nation of Suriname is comprised of over 94% forest with significant biodiversity and a rich carbon sink. Carbon Market Exchange is proud to convert 160,000 hectares of timber concessions into a 30-year conservation area that includes a strategic partnership with local communities. CMX has acquired free, prior, and informed consent (FPIC) with community stakeholders, ensuring local leaders will have a strong role to play in protecting the forest from logging and development.
The Mafia Island Reef in the Pwani region of Tanzania is an ecological wonder with some of the most endangered marine species in the world, including the rare dugong, a cousin of the manatee and five species of sea turtles. Carbon Market Exchange has reached an agreement with the government of Tanzania on a blue carbon project to protect the mafia reef and coastal ecosystems in the Indian Ocean. Our oceans generate half of the world’s oxygen and absorb a third of the world’s CO2, but coral reefs face unprecedented threats from a warming planet and ocean acidification, resulting in bleaching and extreme loss of biodiversity. This project is a significant carbon offset with the ability to protect the delicate balance of this environment.
Located on the Minahasa Peninsula on the island of Sulawesi, the Gorontalo Province has a diverse topography that includes a complex ecosystem of coral reefs and mangrove forests. Carbon Market Exchange is developing a blue carbon project to preserve and protect the reefs and mangroves of Gorontalo Province and create important carbon offsets. Mangrove trees are not only vital in the protection of shoreline communities, but they also have the unique ability to store substantial amounts of carbon and are proven to be instrumental in the fight against climate change. Ocean habitats such as seagrasses and mangroves can sequester carbon dioxide from the atmosphere at rates up to four times higher than terrestrial forests.
Located on the island of Borneo, East Kalimantan is one of the most biodiverse places on the planet. Rich in dense rainforest, the purchase agreement between Carbon Market Exchange and Indonesia will convert 450,000 hectares of dense forest and timber concessions to a conservation area, including 135,000 hectares of peatlands, which store more carbon than all other vegetation types in the world combined. These two projects represent significant carbon sequestration opportunities that are essential to combat climate change. Borneo’s lush forests face threats from deforestation, illegal logging, mining, palm oil plantations and other development. Indonesia is committed to reducing its deforestation and other practices that increase emissions and further threaten wildlife habitat.